As Hard Money lending experts, our team of experienced professionals supports you in achieving your financial needs. We have built our technology to make the experience of obtaining a loan as predictable and fast as funding investments with cash. Hard money loans are available in many states, though specifics can vary.

When exploring hard money loans, it's essential to understand several key factors. Understanding how does hard money work involves recognizing that these loans are asset-based, focusing on the value of the collateral rather than creditworthiness. Firstly, the minimum credit score for hard money loans is often more flexible and lenient compared to traditional financing. If you're wondering, how long does it take to get a hard money loan, the process is generally quicker, typically ranging from a few days to a couple of weeks. How much leverage can I get with a hard money loan depends on experience but can range from up to 100% purchase and not to exceed 75% ARV often allowing for higher leverage than conventional loans. Interest rates for hard money loans are usually higher due to the increased risk taken by lenders. They determine ARV (After Repair Value) by assessing the property's potential value post-renovation, which significantly impacts the loan amount. To determine how much can I get approved for with hard money, expect to get funding based on a percentage of the ARV or the purchase price or experience of the borrower.